Question

how does the information changed over a period of time​

Answer 1

Answer:

Yes, I agree with this statement it is very much true in the role of accounting has changed over the period of time.It is referred as a language of business concerned with measurement,classification and summarization of various business transactions and finally prepares the reports and statements,which show the financial condition and results of operations of that enterprise.

Now accounting also performs the service activity by providing quantitative financial information that helps the users in various ways.According as an information system collects and communicates economic information about an enterprise to a wide variety of interested parties.

Answer 2

Answer:

if you like my answer pls like and follow me .... thank you

Explanation:

The role of accounting is ever changing. While in earlier times, accounting was merely concerned with recording the financial events, i.e. record-keeping activity; however, now-a-days, accounting is done with the rationale of not only maintaining records, but also providing an information system that provides important and relevant information to various accounting users. The need of this change is brought over due to the ever-changing and dynamic business environment, which is more competitive in nature now than it was in earlier times. Further, there are various relevant activities like decision making, forecasting, comparison, and evaluation that make these changes in the role of accounting, inevitable.